Agri Limit – Singroha Associates
Empowering Panipat’s Farmers with Tailored Agricultural Financing
Table of Contents
Introduction
Agri Limit refers to a range of agricultural credit facilities and loans designed to support farmers, agribusinesses, and rural entrepreneurs in meeting their financial needs. From funding crop cultivation to purchasing modern equipment or developing infrastructure, Singroha Associates in Panipat offers customized Agri Limit solutions. Since 2020, we’ve empowered over 5,000 clients with seamless access to agricultural financing, ensuring quick approvals, competitive rates, and compliance with RBI guidelines. Whether you’re a small farmer or an agribusiness owner, our expertise helps you grow sustainably.
Key Features
Our Agri Limit products offer the following advantages for farmers and agribusinesses:
- Low Interest Rates: Starting at 7% p.a., with interest subvention for eligible schemes (e.g., 3% under AIF up to ₹2 crore).
- Flexible Loan Amounts: From ₹50,000 to ₹2 crore, tailored to your needs.
- Long Repayment Tenure: Up to 7-10 years for term loans, with seasonal repayment options for crop loans.
- Quick Disbursal: Loan sanction within 15-60 days with minimal documentation.
- Collateral Options: No collateral for loans up to ₹2 crore under CGTMSE coverage.
- Government Support: Access to schemes like AIF, PMFBY, and Kisan Credit Card for subsidies and insurance.
Types of Agri Limit
We offer a variety of agricultural credit facilities to meet diverse needs:
- Crop Loan: Short-term loans for seeds, fertilizers, labor, and post-harvest expenses.
- Farm Mechanization Loan: Financing for tractors, harvesters, or equipment upgrades.
- Agricultural Term Loan: Long-term loans for infrastructure like irrigation systems or solar pumps.
- Allied Agricultural Loan: For activities like poultry, dairy, or beekeeping.
- Horticulture Loan: Funding for orchards, vegetable farms, or nurseries.
- Agriculture Infrastructure Fund (AIF) Loan: For post-harvest infrastructure like warehouses or cold storage.
Our Agri Limit Providers
We collaborate with leading banks and financial institutions to offer the best agricultural financing options:
| Provider | Loan Amount | Interest Rate | Tenure | Collateral |
|---|---|---|---|---|
| HDFC Bank | ₹50,000 – ₹1 crore | 7% – 12% | 1-7 years | Optional up to ₹2 crore |
| ICICI Bank | ₹1 lakh – ₹2 crore | 7.5% – 11.5% | 1-10 years | Optional up to ₹2 crore |
| Axis Bank | ₹50,000 – ₹1 crore | 8% – 12% | 1-7 years | Optional up to ₹2 crore |
| Bank of Baroda | ₹1 lakh – ₹2 crore | 7% – 11% | 1-10 years | Optional up to ₹2 crore |
| State Bank of India | ₹50,000 – ₹1 crore | 7% – 11.5% | 1-7 years | Optional up to ₹2 crore |
| NABARD | ₹1 lakh – ₹2 crore | 7% – 10% | 1-10 years | Optional up to ₹2 crore |
Note: Terms are subject to change based on lender policies and applicant eligibility.
Eligibility Criteria
To apply for Agri Limit, you must meet the following requirements:
- Nationality: Resident citizen of India.
- Age: 18-70 years at the time of loan maturity.
- Occupation: Farmers, FPOs, SHGs, cooperatives, or agribusiness owners.
- Land Ownership: Legal ownership or cultivation rights for agricultural land.
- Credit Score: Preferably 650+ CIBIL score; some lenders accept lower scores.
- Documents: KYC (Aadhaar, PAN), land records (RoR, LPC), income proof (ITR, bank statements), and project report for AIF loans.
Application Process
Our streamlined application process ensures quick access to funds:
- Fill out the application form at our Panipat office.
- Submit KYC, land records, income proof, and a Detailed Project Report (DPR) for AIF loans.
- Our team coordinates with lenders for verification and project assessment.
- Receive loan sanction and disbursal within 15-60 days, depending on the lender.
Benefits of Choosing Us
Singroha Associates is your trusted partner for agricultural financing:
- Expert Guidance: Over 10 years of experience with 5,000+ successful cases.
- Fast Processing: Hassle-free applications with minimal paperwork.
- Customized Solutions: Loans tailored to your farming or agribusiness needs.
- Transparency: No hidden fees, clear terms, and RBI-compliant processes.
- Strong Network: Partnerships with top lenders like SBI, NABARD, and HDFC.
Why Panipat Businesses Trust Us
Singroha Associates is a preferred choice for Panipat’s farming community:
- Local Expertise: In-depth knowledge of Panipat’s agricultural landscape.
- Client-Centric Service: Personalized support for every farmer and entrepreneur.
- Proven Success: Empowered thousands of local clients since 2020.
- Community Ties: Strong relationships with Panipat’s farmers and businesses.
- Ethical Practices: Adherence to RBI guidelines and transparent dealings.
Frequently Asked Questions
1. What is Agri Limit?
Agri Limit refers to agricultural credit facilities or loans for farmers and agribusinesses to fund crop cultivation, equipment, or infrastructure like warehouses.
2. Who can apply for Agri Limit?
Farmers, FPOs, SHGs, cooperatives, or agribusiness owners aged 18-70 with legal land ownership or cultivation rights and a stable income.
3. What documents are required?
KYC (Aadhaar, PAN), land records (RoR, LPC), income proof (ITR, bank statements), and a Detailed Project Report (DPR) for infrastructure loans.
4. How long does loan approval take?
Loan sanction typically takes 15-60 days, depending on the lender and documentation.
5. Are collateral-free loans available?
Yes, loans up to ₹2 crore are collateral-free under CGTMSE coverage, with the fee reimbursed by the government.
6. Can I access government schemes through Agri Limit?
Yes, we facilitate access to schemes like AIF, PMFBY, and Kisan Credit Card for subsidies and insurance.
7. What happens if I miss a loan repayment?
Missing a repayment may incur penalties and affect your credit score. Contact your lender immediately to discuss solutions.